Enable Supplier Collaboration
The relationship between buyer and supplier is a foundational element of business. When that relationship is collaborative and cooperative, both parties benefit from the efficiency, and that relationship becomes a “partnership” rather than a means to an end.
Transform your supplier relationships into healthy, productive partnerships with better communication and management tools by using SourceDay’s solution.
Remove barriers to PO collaboration.
In most cases, buyers must meet suppliers where they are. That means working with varying sizes of company who all use different systems to process and fulfill orders. Some might use email to acknowledge and send updates. Larger companies might use EDI. And some might use a supplier portal.
That’s a lot of information coming from a lot of different places in a lot of different forms.
With SourceDay’s unified supplier collaboration platform, buyers manage every order from every supplier in one place—regardless of what system each supplier uses. Manufacturers get real-time visibility and collaboration with their suppliers; suppliers get to work in any way they choose.
Buyers and suppliers tend to know each other’s methods and how to work closely together. SourceDay streamlines these workflows by automating the entire PO lifecycle and bringing all the information into one unified solution where buyers manage every aspect of every order from start to finish.
Minimize Your Risk with Supplier Scorecards
SourceDay gives you a clear understanding of your network, including how well each supplier performs against critical KPIs like price variance, on-time delivery, and responsiveness.
Suppliers can use email, EDI, or the SourceDay portal to process and make updates to orders. SourceDay captures all this data and compiles insights so you can have strategic conversations with your partners, plan and forecast more accurately, and diversify your supplier base when needed. Accurate performance data fosters mutual accountability, trust, and high-level performance.
Eliminate Human Error with Automation and Real-Time Data
Procurement is on the front lines, negotiating prices and handling thousands or even millions of dollars in transactions. Yet so many companies fail to give their buyers the tools they need to do their job quickly and accurately.
In SourceDay, every PO is processed automatically. Both buyers and suppliers get reliable data and real-time visibility with no manual data entry and virtually no human error. Whether a supplier uses SourceDay, email, or EDI, all the data and correspondence are captured and entered into the ERP.
Present Detailed Dashboards to Executive Teams
SourceDay’ Insights gives executives the ability to visualize supply chain data that would otherwise be hidden or difficult to obtain. These dashboards provide real-time metrics that businesses can immediately take action on to prevent risk and protect revenue.
Executives need to know when the status of a product or a supplier is going to impact their own production and, consequently, their customers. SourceDay’s dashboards show quick views to help busy executives manage by exception, and make proactive decisions on their supply chain to successfully project their business.
One-Click Supplier Onboarding
SourceDay is the premier supplier portal on the market, and we know how difficult it can be to get every supplier to buy into a new solution. So we got rid of that altogether.
We call this Supplier Flexibility.
With it, we guarantee 100% PO delivery while giving suppliers the ability to choose how they work with your orders:
- The SourceDay solution is always free for your suppliers, including our world-class Supplier Success support.
- SourceDay delivers POs to suppliers’ email, who click-through to make changes and send updates.
Suppliers continue using their EDI workflow through simple integration with SourceDay.
Work directly with your suppliers to receive clear purchase orders without a middleman. Standardize communication to reduce delays, errors, and frustrations. Expedite acknowledgments and track changes to lead times, pricing, quantities, and delivery dates – all in one place, in real-time.
Digitize your RFQ process and be sure you get the best pricing, lead times, and delivery terms. Send RFQs to multiple suppliers at once, then review submissions in an easy-to-read bid comparison chart. Manage your budget effectively with supplier quotes and SourceDay’s supply chain solutions. You won’t have to worry about paying unnecessary fees. Find a supplier that offers the best quality products at the lowest price.
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